United Kingdom GDP Annual Growth Rate  1956-2016 | Data | Chart | Calendar

The UK’s economy advanced 2.2 percent year-on-year in the second quarter of 2016, accelerating from a 2 percent rise in the previous period and beating market expectations of a 2 percent growth. It is the best performance in a year. Services and industrial production expanded at a faster pace while construction fell for the first time in three years, preliminary estimates showed. GDP Annual Growth Rate in the United Kingdom averaged 2.46 percent from 1956 until 2016, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009. GDP Annual Growth Rate in the United Kingdom is reported by the Office for National Statistics.

United Kingdom GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.00 9.80 -6.10 1956 - 2016 percent Quarterly
The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-26 08:30 AM Q1 2% 2.1% 2.1% 2.1%
2016-06-30 08:30 AM Q1 2% 1.8% 2% 2%
2016-07-27 08:30 AM Q2 2.2% 2% 2.0% 1.9%
2016-08-26 08:30 AM Q2 2% 2.2% 2.2%
2016-09-30 08:30 AM Q2 2%
2016-10-27 08:30 AM Q3 1.2%

UK GDP Annual Growth at 1-Year High of 2.2% in Q2


The UK’s economy advanced 2.2 percent year-on-year in the second quarter of 2016, accelerating from a 2 percent rise in the previous period and beating market expectations of a 2 percent growth. It is the best performance in a year. Services and industrial production expanded at a faster pace while construction fell for the first time in three years, preliminary estimates showed.

The services sector went up at a faster 2.6 percent (2.5 percent in the previous period), with activities in distribution, hotels and restaurants recording the highest growth rate (5 percent from 4.8 percent in the previous period), followed by business services and finance (2.7 percent from 2.3 percent); transport, storage and communication (2.4 percent from 2.8 percent) and government services (1.2 percent from 1.4 percent). 

Industrial output growth accelerated to 1.8 percent from 0.3 percent in the previous period: manufacturing went up 1.4 percent, recovering from falls in each of the previous four quarters; the output for electricity, gas, steam and air increased 4.7 percent, the first gain in four quarters; water supply and sewerage increased at a slower 5.8 percent (7.1 percent in the previous period) and mining and quarrying posted the first drop in six quarters (-0.7 percent after rising 6 percent in the previous period).

The construction sector shrank 1.2 percent following a 0.2 percent rise in the previous period. It is the first decline since the first quarter of 2013 when it fell 4.9 percent. 

On a quarterly basis, the UK’s economy advanced 0.6 percent, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
7/27/2016 10:20:57 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.20 2.00 9.80 -6.10 percent [+]
GDP 2848.76 2990.20 2990.20 72.33 USD Billion [+]
GDP Constant Prices 466997.00 464212.00 466997.00 107263.00 GBP Million [+]
Gross National Product 459327.00 454597.00 461825.00 4748.00 GBP Million [+]
Gross Fixed Capital Formation 77059.00 77099.00 80420.00 13405.00 GBP Million [+]
GDP per capita 40933.46 40326.82 40933.46 13868.61 USD [+]
GDP per capita PPP 38657.79 38084.87 38657.79 26202.27 USD [+]
GDP From Agriculture 3179.00 3212.00 3267.00 2350.00 GBP Million [+]
GDP From Construction 25417.00 25529.00 26013.00 20035.00 GBP Million [+]
GDP From Manufacturing 41461.00 40715.00 43548.00 37451.00 GBP Million [+]
GDP From Mining 7530.00 7428.00 16722.00 6493.00 GBP Million [+]
GDP From Public Administration 18979.00 19054.00 22274.00 18888.00 GBP Million [+]
GDP From Services 330909.00 329369.00 330909.00 171542.00 GBP Million [+]
GDP From Transport 17844.00 17818.00 18739.00 9402.00 GBP Million [+]




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Ivory Coast 10.30 Dec/15
Ethiopia 9.60 Dec/15
Papua New Guinea 9.00 Dec/15
Palestine 8.00 Mar/16
India 7.90 Mar/16
Uzbekistan 7.80 Jun/16
Congo 7.70 Dec/15
Rwanda 7.30 Mar/16
Monaco 7.20 Dec/14
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Jun/16
Djibouti 6.70 Dec/15
Tajikistan 6.50 Mar/16
Turkmenistan 6.50 Dec/15
Senegal 6.40 Mar/16
Dominican Republic 6.10 Dec/15
Togo 6.00 Dec/15
Bolivia 5.95 Dec/15
Kenya 5.90 Mar/16
Cape Verde 5.80 Mar/16
Benin 5.70 Dec/15
Chad 5.60 Dec/15
Vietnam 5.55 Jun/16
Bhutan 5.50 Dec/15
Sri Lanka 5.50 Mar/16
Mozambique 5.30 Mar/16
Sao Tome and Principe 5.30 Dec/15
Malta 5.20 Mar/16
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Mar/16
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Costa Rica 4.80 Mar/16
Turkey 4.80 Mar/16
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Panama 4.60 Mar/16
Bahrain 4.50 Mar/16
Armenia 4.40 Mar/16
Luxembourg 4.40 Mar/16
Peru 4.40 Mar/16
Cuba 4.30 Dec/15
East Timor 4.30 Dec/15
Romania 4.30 Mar/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Gabon 4.20 Dec/15
Iceland 4.20 Mar/16
Malaysia 4.20 Mar/16
Sweden 4.20 Mar/16
Nicaragua 4.10 Mar/16
Fiji 4.00 Dec/15
Qatar 4.00 Dec/15
Algeria 3.90 Dec/15
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Kosovo 3.80 Mar/16
Mauritius 3.70 Mar/16
Brunei 3.60 Mar/16
Honduras 3.60 Dec/15
Namibia 3.50 Mar/16
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Slovakia 3.40 Mar/16
Spain 3.40 Mar/16
Comoros 3.20 Dec/15
South Korea 3.20 Jun/16
Thailand 3.20 Mar/16
Australia 3.10 Mar/16
Mauritania 3.10 Dec/15
Mongolia 3.10 Mar/16
Albania 3.00 Mar/16
Czech Republic 3.00 Mar/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Botswana 2.80 Mar/16
Guatemala 2.80 Mar/16
New Zealand 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Mar/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Lithuania 2.50 Mar/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Ireland 2.30 Mar/16
Jordan 2.30 Mar/16
Singapore 2.20 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Mar/16
United States 2.10 Mar/16
Chile 2.00 Mar/16
Macedonia 2.00 Mar/16
Cayman Islands 1.90 Sep/15
European Union 1.80 Mar/16
Estonia 1.70 Mar/16
Euro Area 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Swaziland 1.70 Dec/15
Austria 1.60 Mar/16
Finland 1.60 Mar/16
Belgium 1.50 Mar/16
Netherlands 1.50 Mar/16
Paraguay 1.50 Mar/16
Saudi Arabia 1.50 Mar/16
Zimbabwe 1.50 Dec/15
Morocco 1.40 Jun/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
Canada 1.10 Mar/16
Montenegro 1.10 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
Tunisia 1.00 Mar/16
Barbados 0.90 Dec/15
Hungary 0.90 Mar/16
Portugal 0.90 Mar/16
Hong Kong 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Denmark 0.30 Mar/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Suriname 0.20 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Kazakhstan 0.10 Jun/16
Ukraine 0.10 Mar/16
South Africa -0.20 Mar/16
Nigeria -0.40 Mar/16
Uruguay -0.50 Mar/16
Puerto Rico -0.60 Dec/15
Taiwan -0.68 Mar/16
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Russia -1.20 Mar/16
Greece -1.30 Mar/16
Uganda -1.30 Mar/16
Kuwait -1.60 Dec/14
Belize -1.96 Mar/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
Ecuador -3.00 Mar/16
Trinidad and Tobago -3.00 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
South Sudan -5.30 Dec/15
Brazil -5.40 Mar/16
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Macau -13.30 Mar/16
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15